Singapore ’s industrial building sales may drop 10 percent this year after the city became the first in Asia to impose curbs on such properties, according to the world’s largest closely held commercial real estate broker. The government on Jan. 11 imposed as much as 15 percent in stam...
Singapore home sales rose to a record last year, fueling prices to an all-time high and prompting the government to introduce cooling measures last week. Home sales climbed to 1,410 units in December from 1,087 units in November, according to data released by the Urban Redevelopment A...
Pan Pacific Hotels Group Ltd. via Bloomberg An artist's rendering of the Parkroyal on Pickering. Pan Pacific Hotels Group Ltd. (PPAC) , the hospitality company controlled by billionaire Wee Cho Yaw, will boost the number of rooms in Singapore’s Raffles Place financial district by 57 p...
Swatch Group AG (UHR) , the biggest maker of Swiss timepieces, agreed to buy the Harry Winston watch and jewelry brand for about $1 billion, adding a luxury label through its biggest acquisition ever. Swatch Group will pay Harry Winston Diamond Corp. (HWD) $750 million and assume as m...
Singapore rolled out the most “comprehensive” housing measures since it started cooling the market in 2009 and may drive prices lower for the first time in five years, Mizuho Corporate Bank Ltd. and Barclays Plc said. Homebuyers had to pay 5 percentage points to 7 percentage points mo...
CapitaLand Ltd. (CAPL) , the Southeast Asia developer that is reorganizing into four main units to help focus on its key markets, said it will look to exit some projects in the U.K., India and the Middle East , and reassess its investment in Australia ’s Australand Property Group. The...
Singapore home prices climbed to a record in the fourth quarter after developers sold more homes, a government report showed. The island state’s private residential property price index rose 1.8 percent to 211.90 points in the three months ended Dec. 31, according to preliminary estim...
You need to enable Javascript to play media on Bloomberg.com Play Singapore Grows and Averts Recession Singapore ’s economy expanded more than economists estimated last quarter, averting a recession even after the central bank refrained from monetary stimulus as it sought to contain e...
Singapore property stocks, the best performers on the benchmark Straits Times Index this year, are set to extend their gains in 2013 on higher demand for homes, offices and hotels, according to UOB-Kay Hian Pte. Six out of top 10 gainers on the 30-member gauge have been real estate-re...
Singapore ’s economic expansion eased in 2012 amid weak growth in advanced nations and as companies faced hiring constraints, Prime Minister Lee Hsien Loong said. Gross domestic product rose 1.2 percent in 2012, Lee said in his New Year message released in Singapore today. The growth ...
The 23-year-old Indian victim of a gangrape, which triggered protests and violent clashes in New Delhi , is being treated in a downtown Singapore hospital. “The patient arrived at Mount Elizabeth Hospital ’s intensive care unit this morning at 9:05 a.m. in an extremely critical condit...
Singapore ’s industrial production rose for the first time in four months in November as manufacturers produced more pharmaceuticals, countering a slump in electronics. Manufacturing gained 3.1 percent from a year earlier after a revised 5.1 percent drop in October, the Economic Devel...
A former Singapore banker who allegedly helped Olympus Corp. (7733) engage in what U.S. prosecutors said was a $1.7 billion accounting fraud was arrested in California . Chan Ming Fon was arrested in Los Angeles yesterday and faces U.S. fraud charges in New York, Preet Bharara, U.S. A...
1. Porta Gaig (El Prat del Llobregat, Barcelona) 2. Salt Lick BBQ (Austin-Bergstrom International, Texas) 3. Tortas Frontera (Chicago O’Hare International) 4. Bubbles Seafood & Wine Bar (Amsterdam Schiphol) 5. Obrycki’s (Baltimore/Washington International Thurgood Marshall) 6. Crust (...
Singapore ’s exports unexpectedly fell for the third time in four months in November as shipments of electronics slumped and companies sold fewer goods to U.S. customers. Non-oil domestic exports fell 2.5 percent from a year earlier, after a 7.9 percent gain in October, the trade prom...
When Carson Block likened Olam International Ltd. (OLAM) to fraud-ridden Enron Corp., he challenged more than the accounting of the Singapore-based commodities firm. He also took on Temasek Holdings Pte, the government-owned investment company whose money has helped build the city-sta...
hotel is a far cry from the tranquil charm of Sana Gallery. Longer than two soccer fields, it bustles with casino goers, and is an unlikely choice for an exhibition of 18th-century French antiques -- which is precisely why the show is being held there, says dealer Mikael Kraemer. His ...
The resignation of Singapore Speaker of Parliament Michael Palmer yesterday over an extramarital affair came two days after readers of the island’s largest Chinese newspaper called 2012 a year of lust. Palmer, 44, said he had a relationship with a member of a government agency who wor...
Singapore ’s Speaker of Parliament Michael Palmer has resigned and will leave the ruling People’s Action Party today after admitting to an extramarital affair. Palmer, 44, said he made a “grave mistake” of improper conduct after being involved in a relationship with a member of a gove...
You need to enable Javascript to play media on Bloomberg.com Play Delta CEO Sees Antitrust Immunity for Virgin Deal Delta Air Lines Inc. (DAL) agreed to buy a 49 percent stake in Richard Branson’s Virgin Atlantic Airways Ltd. for $360 million to boost its share of the lucrative trans-...
Singapore topped Hong Kong as the most desired place in Asia for so-called mobile millionaires to reside, with quality of life cited as the main attraction, a RBC Wealth Management (RY) survey showed. Almost a third of the millionaires in Asia who live, work or spend more than half th...
DBS Group Holdings Ltd. (DBS) agreed to buy a 30 percent stake in Singapore’s Marina Bay Financial Centre Tower 3, where the move of its headquarters was completed in October, for S$1.04 billion ($850 million) in cash. DBS, Southeast Asia’s biggest lender, will buy the stake from a jo...
When dozens of Chinese bus drivers held Singapore’s first strike in 26 years last week, the island deported the perpetrators. Getting rid of the soaring prices that are emboldening calls for higher wages won’t be as easy. Rising housing, transportation and business costs have given th...
Cuba’s government is banning reggaeton music from radio and T.V. as Raul Castro’s administration cracks down on “vulgar” songs in the island nation, government newspaper Granma reported on its website , The Cultural Ministry’s music institute will levy severe sanctions or ban musician...
Delta Air Lines Inc. (DAL) , the second- largest U.S. carrier, is in talks to buy part or all of Singapore Airlines Ltd. (SIA) ’s 49 percent stake in Virgin Atlantic and gain more access to London’s Heathrow airport, according to people familiar with the situation. Delta’s European pa...
Patrick Margetson-Rushmore, chief executive officer of London Executive Aviation, speaks about how his firm caters to highly demanding super-rich clients. Please enable JavaScript to view the comments powered by Disqus.
Singapore Prime Minister Lee Hsien Loong comments on the country’s birth rate, property market, monetary policy and economy. He also spoke on the rising political opposition and his leadership in a Nov. 26 interview in his office in Singapore. On 2013 agenda and challenges: “The immed...
Singapore Prime Minister Lee Hsien Loong said encouraging citizens to have more children is the biggest challenge confronting the island nation if it wishes to remain an economic juggernaut in the developed world. The government hasn’t succeeded in impressing on citizens that “this is...
Nov. 19 (Bloomberg) -- Nicole Lapin visits Ryan and Adam Goldston, co-founders of Athletic Propulsion Labs, and learns about the technology behind their jump-enhancing sneakers. (Source: Bloomberg)
Singapore home sales may fall as much as 27 percent in 2013 after climbing to a record this year as six rounds of housing curbs by the government crimps demand, according to Jones Lang LaSalle. Private home sales next year may drop to 16,000 units from 22,000 units this year, said Dav...
